NASDAQ: TLF
TANDY LEATHER FACTORY INCCIK 0000909724 · SIC 3100 · Leather & Leather Products
The following discussion, as well as other portions of this Form 10-K, contains forward-looking statements that reflect our plans, estimates and beliefs. Any such forward-looking statements (including, but not limited to, statements to the effect that Tandy Leather Factory, Inc. (“TLF”) or its… About this business →
8-Ks, initial S-1s, and selected mega-cap 10-Ks and 10-Qs are open in full. Other reports show a 3-bullet preview; a free account reads 3 more full reports a month. Generating a report requires a verified account.
Sign up freeWant to see a complete report first? Today's free report (HGIT 10-Q) is open in full — no account needed.
Summary not yet generated.
Summary not yet generated.
Partner
Trade TLF commission-free
Open an account, get a free stock.
Investing involves risk. Free stock terms apply.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Summary not yet generated.
Latest financial statements
From 10-Q filed Aug 11, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 18.0 | 19.7 |
| Cost of revenue / cost of sales | 6.3 | 7.7 |
| Gross profit | 11.7 | 12.0 |
| Operating expenses: | ||
| Other operating expenses, net | 11.2 | 11.6 |
| Operating income | 0.5 | 0.4 |
| Other income/(expense), net | 0.08 | — |
| Income before income taxes | 0.6 | 0.4 |
| Income tax expense/(benefit) | 0.2 | 0.1 |
| Net income | 0.4 | |
| Basic earnings per share | 0.05 | 0.03 |
| Diluted earnings per share | 0.05 | 0.03 |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 6.4 | 10.1 |
| Accounts receivable, net | 0.3 | 0.3 |
| Inventories | 37.1 | 33.7 |
| Prepaid expenses and other current assets | 0.1 | 0.10 |
| Total current assets | 44.5 | 44.9 |
| Property, plant and equipment, net | 10.6 | 10.5 |
| Operating lease right-of-use assets, net | 25.4 | 25.0 |
| Deferred income taxes and other assets | 0.4 | 0.4 |
| TOTAL ASSETS | 81.6 | 81.5 |
| Current liabilities: | ||
| Current portion of operating lease liabilities | 3.8 | 3.7 |
| Income taxes payable | 0.2 | 0.6 |
| Other current liabilities | 5.7 | 6.3 |
| Total current liabilities | 9.8 | 10.6 |
| Operating lease liabilities | 24.5 | 24.0 |
| Deferred income taxes and other liabilities | 0.1 | 0.1 |
| Shareholders' equity: | ||
| Common stock | 0.02 | 0.02 |
| Capital in excess of stated value | 3.7 | 3.6 |
| Accumulated other comprehensive income (loss) | (2.5) | (2.4) |
| Retained earnings (deficit) | 55.4 | 55.0 |
| Treasury stock | 9.8 | 9.8 |
| Total shareholders' equity | 47.0 | 46.5 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 81.6 | 81.5 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (2.4) | 0.9 |
| Investing Activities: | ||
| Net cash from investing activities | (1.0) | (0.6) |
| Financing Activities: | ||
| Net cash from financing activities | (6.2) | (6.2) |
| Net increase/(decrease) in cash | (9.7) | (6.0) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About TANDY LEATHER FACTORY INC
Source: Item 1 (Business) from the 10-K filed February 24, 2026. Description as filed by the company with the SEC.
ITEM 1.
BUSINESS
The following discussion, as well as other portions of this Form 10-K, contains forward-looking statements that reflect our plans, estimates and beliefs. Any such forward-looking statements
(including, but not limited to, statements to the effect that Tandy Leather Factory, Inc. (“TLF”) or its management “anticipates,” “plans,” “estimates,” “expects,” “believes,” “intends,” and other similar expressions) that are not statements of
historical fact should be considered forward-looking statements and should be read in conjunction with our Consolidated Financial Statements and related notes contained elsewhere in this report. These forward-looking statements are made based upon
management’s current plans, expectations, estimates, assumptions and beliefs concerning future events impacting us and should be read carefully because they involve risks and uncertainties. We assume no obligation to update or otherwise revise these
forward-looking statements, except as required by law. Specific examples of forward-looking statements include, but are not limited to, statements regarding our forecasts of financial performance, share repurchases, store openings or store closings,
capital expenditures and working capital requirements. Our actual results could materially differ from those discussed in such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to,
those discussed below and elsewhere in this F
Read full description ↓
orm 10-K and particularly in “